The Housing Authority of New Orleans (HANO) Homeownership Program was created to
assist public housing and Housing Choice Voucher Program (HCVP) Section 8 residents
to become first-time homebuyers. The Program has expanded in recent years to assist
with the planning and marketing of homeownership units developed in conjunction
with HANO redevelopment programs. The Program includes several components: Homebuyer
Preparation; Homebuyer Assistance; and Marketing and Sales.

The primary role of the program is to provide technical and financial assistance
directly and through referrals to assist HANO families transition from public housing
and HCVP tenants to homeowners. Public housing and HCVP clients earning 80% of the
Area Median Income (AMI) or less are eligible for program participation. Other program
and lender requirements determine additional eligibility criteria. The process begins
with intake and an initial assessment to determine a clients’ mortgage-readiness.
Clients who are determined to be mortgage ready move on to the home buying process
while others are advised to develop a plan for mortgage readiness through a lengthier
homebuyer preparation process.